Hanoi, September 30, 2025. The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 28/2025/TT-NHNN amending and supplementing a number of Articles of Circular No. 27/2024/TT-NHNN regulating the cooperative banks, the contributions, management and use of the Deposit Insurance Safety Fund for the People’s Credit Funds system.
The new Circular is composed of 13 Articles, focusing on the key amendments and supplementations related to the following areas:
- Supplementing the authority of the General Meeting of Members of the cooperative banks in approving charter capital increases from state support funds;
- Inspection and supervision mechanisms for cooperative banks overseeing people’s credit funds;
- Assignment of personnel by cooperative banks to people’s credit funds which are placed under early intervention or special control;
- Professional operations of cooperative banks;
- Fee payments to the Safety Fund for the People’s Credit Funds system;
- Responsibilities of the relevant SBV units.
This Circular will take effect on November 15, 2025.
HM